TATE & LYLE PLC S/ADR - TATYY STOCK NEWS

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Tate & Lyle PLC is a global leader in providing ingredient solutions for healthier food and beverages with over 160 years of history. Partnering with customers, Tate & Lyle offers innovative sweetening, fortification, and texture solutions that enhance taste while reducing sugar, calories, and fat. The company's purpose is to Transform Lives through the Science of Food, promoting healthy living, thriving communities, and environmental care.

05/23/2024 02:08 AM

News

KPS CAPITAL PARTNERS TO ACQUIRE TATE & LYLE'S OWNERSHIP INTEREST IN PRIMIENT

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KPS Capital Partners has agreed to acquire Tate & Lyle's remaining 49.7% stake in Primient for $350 million, with the transaction expected to close by July 2024. Primient, founded in 1906, is a leading producer of plant-based, renewable food and industrial ingredients, employing 1,800 people across six facilities in the US and Brazil. KPS initially acquired a controlling interest in Primient in April 2022, and this new investment underscores its commitment to the company. KPS plans to modernize Primient's operations, with over $700 million allocated for capital investments over the next five years. The acquisition will be financed through a mix of equity and debt, with Barclays leading the debt financing.

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5.25%

TATE & LYLE EARNS PRIME ESG CORPORATE RATING FROM ISS

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Tate & Lyle receives 'Prime' ESG rating from ISS, placing them in the top decile of the Food Products sector.

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-0.66%

KPS Capital Partners To Acquire Controlling Stake In Tate & Lyle's Primary Products Business In North America And Latin America

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KPS Capital Partners has announced a definitive purchase agreement to acquire a controlling stake in Tate & Lyle's Primary Products business in North America and Latin America for an enterprise value of $1.7 billion. This acquisition includes interests in Almidones Mexicanos and DuPont Tate & Lyle Bio-Products. KPS and Tate & Lyle will each own about 50% of the newly formed company, NewCo, with KPS having operational control. The transaction is expected to close in Q1 2022 and aims to drive growth opportunities and enhance profitability through substantial investment in NewCo.

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0.78%

FAQ

What is the current stock price of TATE & LYLE PLC S/ADR (TATYY)?

The current stock price of TATE & LYLE PLC S/ADR (TATYY) is $36.76 as of November 22, 2024.

What is the market cap of TATE & LYLE PLC S/ADR (TATYY)?

The market cap of TATE & LYLE PLC S/ADR (TATYY) is approximately 4.2B.

What does Tate & Lyle PLC specialize in?

Tate & Lyle specializes in providing ingredient solutions for healthier food and beverages with a focus on sweetening, fortification, and texture.

How long has Tate & Lyle been in the industry?

With over 160 years of history, Tate & Lyle has been a pioneer in ingredient innovation.

What is the mission of Tate & Lyle PLC?

Tate & Lyle's purpose is to Transform Lives through the Science of Food, aiming to support healthy living, build thriving communities, and care for the planet.

What are some of the products Tate & Lyle offers?

Tate & Lyle provides ingredient solutions that reduce sugar, calories, and fat, add fiber and protein, and enhance texture in various food and beverage categories such as beverages, dairy, bakery, soups, sauces, and dressings.

How does Tate & Lyle partner with customers?

Tate & Lyle partners with customers to develop innovative solutions that improve taste and nutritional value in their products.

What sets Tate & Lyle apart in the industry?

Tate & Lyle's commitment to healthier ingredient solutions and sustainability practices sets them apart in the food and beverage industry.

Where can I find more information about Tate & Lyle PLC?

For more information, visit the official website of Tate & Lyle at www.tateandlyle.com.

Who is the parent company of Tate & Lyle PLC?

Tate & Lyle PLC is not a subsidiary but operates as an independent entity in the ingredient solutions sector.

What is Tate & Lyle's approach to innovation?

Tate & Lyle focuses on continuous innovation to develop new ingredient solutions that meet consumer preferences for healthier and tastier food options.

How does Tate & Lyle contribute to sustainability?

Tate & Lyle is committed to sustainability by promoting healthy living, supporting communities, and caring for the planet through their ingredient solutions and operational practices.